Tokinvest, a marketplace for real-world asset tokenization, has raised half a million dollars ($500,000) in pre-seed funding from several strategic investors. This comes weeks after it received preliminary approval for a crypto broker license in Dubai UAE.

Tokinvest is a marketplace that connects real-world asset issuers with investors globally. The advanced platform is noted to simplify the investment process by creating virtual tokens representing rights to assets and providing comprehensive lifecycle services from ideation to trading to asset servicing.

“We believe in Tokinvest’s vision of setting standards in the real-world tokenisation industry. Their approach not only meets the highest legal and compliance levels but also aligns with current demand by providing accessibility to the most desirable assets for all investors. We are thrilled to be part of this exciting growth period for the company,” said Michael Ourabah, CEO at BSO and one of Tokinvest’s strategic investors.

As per the press release, the funds will be used to enhance the platform’s technological infrastructure, expand the team, and accelerate market penetration.

Scott Thiel, CEO of Tokinvest, stated, “We are immensely grateful for the trust and support from our early investors. This funding fuels our technological and operational development and solidifies our strategy to lead in the real-world asset tokenization space. We are excited about the opportunities that lie ahead and are keenly focused on launching our marketplace later this year.”

Tokinvest is seeking to commence other fund raising rounds to scale their operations.